Price / NAV = 1.05 @ Price = $1.87. Yield at 5.84%.
Price/NAV is still at the lower range of 52 weeks high and low.
See previous analysis of Frasers Centrepoint Trust here.
FIRST REIT is currently trading on up trend (Above all 3 Moving Averages and Trending up). So far 20D SMA has been providing a good support. So far $1.20 is the resistance after failing to break for past 2 times –> Mini Double Tops.
Price / NAV = 1.2256 @ Price = $1.18 with 6.3% Yield.
Note: FIRST REIT is not under value but still in the lower range of Price/NAV.
See previous analysis on FIRST REIT.
Capitaland rebounded from the 200D SMA support with confirmation after a hammer formation.
Capitaland is currently on an uptrend. Immediate resistance at $3.13 followed by $3.26.
See last post on the Property Sector Trend – FTSE ST Real Estate Index.
